Still no release date for NexGen $100s

Specific number of usable notes not made public

Collectors who have been wondering whatever happened to the NexGen
Series 2009 $100 Federal Reserve notes that experienced sporadic
creasing during production will have to wonder a little longer.

“The BEP and its government partners are continuing to develop the
most efficient inspection methods for these notes. We remain confident
that a very high proportion of the notes currently stored in Federal
Reserve vaults at the BEP will be found acceptable and shipped to the
Federal Reserve Board banks for circulation,” according to a BEP
spokeswoman on Sept. 11.

BEP officials did not answer specific questions about the number
of sheets of notes with creases that have been determined to be
acceptable for circulation. Nor did they say how many sheets, if any,
were destroyed.

Federal Reserve officials have yet to announce an issue date for
the new $100 FRNs but officials have said that at least six months
will pass between the announcement of an issue date and the day of issue.

Millions of Series 2009 $100 FRNs were printed but withheld from
circulation in 2011 while BEP officials worked to correct production
problems that have plagued the new notes and resulted in substandard quality.

The colorized Series 2009 $100 FRNs were originally scheduled to
be released into circulation on Feb. 10, 2011. But on Oct. 1, 2010,
the Federal Reserve stated that the release date would be delayed
because the BEP had “identified a problem with sporadic creasing of
the paper during printing of the new $100 note, which was not apparent
during extensive pre-production testing.”

Following that announcement, the BEP conducted a manual
examination of the new notes produced to date and concluded that less
than 2 percent of the examined notes were deemed unfit.

In December 2010 the BEP denied a claim in a national news report
that 1.1 billion of the new $100 FRNs were unusable because of the
creased paper problem. ■

The Commission of Fine Artsâ recommendation for the Proof 2014 American Eagle platinum coin, left, brought outrage and derision at the Citizens Coinage Advisory Committee meeting. The CCAC recommended the design to the right.

The Commission of Fine Artsâ recommendation for the Proof 2014 American Eagle platinum coin, left, brought outrage and derision at the Citizens Coinage Advisory Committee meeting. The CCAC recommended the design to the right.

The Commission of Fine Artsâ recommendation for the Proof 2014 American Eagle platinum coin, left, brought outrage and derision at the Citizens Coinage Advisory Committee meeting. The CCAC recommended the design to the right.

The Commission of Fine Artsâ recommendation for the Proof 2014 American Eagle platinum coin, left, brought outrage and derision at the Citizens Coinage Advisory Committee meeting. The CCAC recommended the design to the right.

The Commission of Fine Artsâ recommendation for the Proof 2014 American Eagle platinum coin, left, brought outrage and derision at the Citizens Coinage Advisory Committee meeting. The CCAC recommended the design to the right.